SOURCE: Integrated Trade Processing

April 09, 2007 08:00 ET

Integrated Trade Processing Secures $9 Million in Investment Round Led by Grail Partners

Funding to Accelerate Product Development and Market Expansion for Real-Time Trade Processing Software Solutions

NEW YORK, NY -- (MARKET WIRE) -- April 9, 2007 -- Integrated Trade Processing, Inc. (ITP), a leading provider of customizable trade processing services to the securities industry, today announced that it has closed a $9 million Series D round of financing led by Grail Partners LLC, an advisory merchant bank specializing in the investment management industry. The funding will support ITP's strategy to accelerate time-to-market of real-time, post-trade processing technologies and services, as well as to strengthen its sales and marketing organization to support a broader market expansion.

ITP automates trade processes through the delivery of integrated, real-time, technology-based solutions that span all asset classes and markets, allowing clients to seamlessly manage communications and trade processing with counterparties throughout the entire trade lifecycle. As a result, client infrastructures are more flexible, cost efficient, and competitive.

"ITP is in a unique position to generate significant value for the securities industry by driving down costs and delivering significant efficiencies in global trade processing," said Bill Henson, Partner, Grail Partners. "We are confident that the ITP management team will be able to translate this Series D investment into new and expanded services and a much broader market reach."

The convergence of financial instruments and cross-border trading has made trade processing increasingly complex and costly. In most markets, securities trade faster than they settle. ITP's various trade processing services help firms involved in the securities business increase their speed, flexibility, and transparency resulting in lower costs, higher customer retention, and new business opportunities.

"Grail Partners' global expertise in the financial services sector helps bolster ITP's position and further validates our growth plans," said Gary Brackenridge, CEO, ITP. "We look forward to a strong and successful partnership that benefits the entire market."

About ITP

Integrated Trade Processing Corp. (ITP), founded in 1999, is a leading provider of customizable trade processing services to the securities industry. The company seeks to make post-trade activity fast, flexible, coordinated, and cost effective for market participants and those who serve them. ITP's clients include more than a dozen global securities firms, including some of the largest financial institutions in the world. Visit www.ITPCorporation.com to learn more.

About Grail Partners LLC

Grail Partners LLC is an advisory merchant banking firm dedicated to providing advice and capital to the global investment management and financial services business. From offices in Boston, London and New York, Grail assists selected asset managers worldwide with mergers, acquisitions, divestitures, and restructuring, and deploys capital to invest in attractive financial services and financial technology businesses. Grail's partners have completed nearly 200 strategic and capital-raising transactions involving US and non-US companies in the past two decades. More information on Grail is available at www.GrailPartners.com.

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